Michael Wekerle Acquires Securities of Difference Capital Financial Inc.

Fri Jul 26, 2013 12:03pm EDT

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Michael Wekerle Acquires Securities of Difference Capital Financial Inc.

TORONTO, ONTARIO--(Marketwired - July 26, 2013) - Pursuant to a prospectus offering of 12,000,000 common shares ("Common Shares") in the capital of Difference Capital Financial Inc. ("DCF") (TSX VENTURE:DCF) completed on July 26, 2013 (the "Offering"), Michael Wekerle has acquired direct and indirect ownership and control over 2,400,000 Common Shares at a price of $3.75 per Common Share for an aggregate purchase price of $9,000,000.

As a result of this acquisition, Mr. Wekerle now owns, directly and indirectly, 10,925,321 common shares on a fully diluted basis, representing approximately 27.79% of the total outstanding shares of DCF on a partially diluted basis assuming the exercise or conversion, as applicable, of only Mr. Wekerle's securities. 

Mr. Wekerle acquired the Common Shares for investment purposes. Mr. Wekerle may in the future take such actions in respect of his holdings as deemed appropriate in light of the circumstances then existing, including the purchase of additional securities of DCF through open market purchases or privately negotiated transactions, or the sale of all or a portion of his holdings in the open market or in privately negotiated transactions to one or more purchasers.

Mr. Wekerle's office is located at 130 King Street West, Suite 2950, P.O. Box 361, Toronto, Ontario, M5X 1C7.

Mr. Wekerle